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Belize IBC

IBC Registration in Belize

Key Features

  • Completely Tax-Free – No income tax, stamp duty, estate taxes, capital gains or withholding tax.
  • Having Only One Shareholder/Subscriber Permitted Share May Be Held By Corporations Or Trusts
  • A Single Director Allowed Which May Be A Corporation Or Trust
  • An IBC’s register of Shareholders is available for inspection only by shareholders or by order of the Belize Courts at the request of a shareholder.
  • Non-Disclosure Of Beneficial Owners
  • Bearer Shares Permitted – Shares may be issued without par value.
  • IBC’s can be used for financial management, investment holding, ship or property ownership, share ownership of other companies, leasing of assets, copyrighting and/or licensing as well as general commercial trading.
  • No foreign exchange control.
  • No Statutory Accounting Or Auditing Records Need To Be Filed In Belize.
  • No Minimum Capital Requirements
  • Minimal Restrictions

The more common uses for Belize IBCs are as follows:

  • Hold bank accounts, fixed deposits, investment plans and any other financial or commercial title.
  • Hold shares of other companies or legal entities.
  • Own of real estate and any other movable or immovable property or goods.
  • Own intellectual property.
  • Manage and promote of international business transactions
  • International leasing of aircraft, vehicles, machinery and others.
  • Borrow or lend money, paying or receiving commissions, royalties or others.
  • Marketing and promotion of products and services
  • Other commercial and financial activities.
  • An IBC cannot carry on business with residents in Belize
  • An IBC cannot own real interest in real property situate in Belize
  • An IBC cannot hold share, stock, debt obligation or other securities in a local company
  • An IBC cannot issue shares , stock, debt obligation or other securities to any person in Belize or any local company

Every Belize IBC must end in one of these suffixes:

  • Limited
  • Corporation
  • Incorporated
  • Society Anonyme
  • Sociedad Anonima
  • Aktiengesellschaft
  • Ltd.
  • Corp
  • Inc
  • A.S.
  • A.G

The following words, or words that convey a similar meaning, cannot be contained in any IBC name unless granted permission from the Registrar in writing:

  • Building Society
  • Chamber of Commerce
  • Chartered
  • Cooperative
  • Imperial
  • Municipal
  • Royal
  • .com
  • International Business Companies Act, Cap 270, Revised Edition 2000
  • Accounting Records (Maintenance) Act

Compliance

Know Your Client

  • Valid photo-bearing identification, with unique identifier, (e.g. passport, social security card or driver’s license along with a passport or social security card).
  • an address, evidenced by a recent utility bill;
  • Contact details, e.g. telephone number, fax number, email
  • Signature evidence
  • Purpose and nature of business activity
  • The original or a certified copy of the Certificate of Incorporation; Memorandum and Articles of Association, copies of registers of directors, officers and shareholders, including their addresses;
  • mailing address;
  • contact telephone and fax numbers;
  • Board resolution authorizing the transaction and conferring authority to representatives or agents;
  • Certificate of Good Standing;
  • For every individual being a director, officer and/or shareholder (and authorized agent), the customer information as listed under National Persons above.

Belize IBCs are not required to file an annual return. However, it is a requirement that the IBC keep reliable accounting records with reasonable accuracy. The IBC is to provide its registered agent with a written record of the physical address of the place(s) where the accounting records are kept and notify the registered agent of any change thereto within fourteen (14) days. The accounting documents and records shall be retained for 5 years and readily made available to the registered agent on request.

  • Complete and updated copy of the share register is to be kept at the registered office.
  • Complete and updated copy of register of directors and officers is to be kept at the registered office or at such other place as the directors may determine. If said register is kept at another place other than the registered office, the company is to inform the registered agent of the address where the register is kept.

The adoption of a corporate seal is required. An impression of the seal must be kept at the registered office.